So keep crowing all you want, and keep ripping on the company that trades at 3.4x 10-year average earnings,
10 year average earnings? So we're doing current valuations in the rear view mirror? Wow. In that case, you're buying EK, NOK, RIMM, BAC, GE etc. on what they used to earn. Let me know how that works out. Enough said. That is the stupidest metric ever opined on the planet.
This country needs a better educated population. Give them what they need and want and they will come knocking at the door. Not everybody thinks shilling for shorts or breaking knees for loan sharks are good jobs. By the way, I would recommend GE for what it will earn in the future and not what it earned in the recent past. I bought at the bottom and still holding. Buffett may have sold off most of his shares in GE and JNJ but Soros purchased more of each. You buy shares cheap when nobody wants them and sell when everybody wants them. The same for for-profits. Obama has done his dirty deeds to this country; he doesn't have the backing to do much more. The fiscal cliff won't come and stocks will rise again before year end.